Jmac Enterprises LLC Makes New Investment in Williams Companies, Inc. (The) $WMB

Jmac Enterprises LLC purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,942 shares of the pipeline company’s stock, valued at approximately $248,000.

Several other hedge funds have also recently added to or reduced their stakes in WMB. Flaharty Asset Management LLC bought a new position in Williams Companies during the 1st quarter worth approximately $25,000. HWG Holdings LP bought a new position in Williams Companies during the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new position in Williams Companies during the 1st quarter worth approximately $29,000. Iron Horse Wealth Management LLC raised its holdings in Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 494 shares during the last quarter. Finally, Abound Financial LLC bought a new position in Williams Companies during the 1st quarter worth approximately $32,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $64.09 on Friday. The company has a fifty day simple moving average of $59.00 and a 200 day simple moving average of $58.93. Williams Companies, Inc. has a 12-month low of $47.52 and a 12-month high of $65.55. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The company has a market cap of $78.14 billion, a P/E ratio of 32.20, a PEG ratio of 2.13 and a beta of 0.65.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, September 12th. Williams Companies’s payout ratio is currently 100.50%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cibc World Mkts upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Wall Street Zen upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. TD Cowen assumed coverage on shares of Williams Companies in a research note on Monday, July 7th. They issued a “buy” rating and a $67.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, UBS Group lifted their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.53.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares of the company’s stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,500 shares of company stock worth $497,715 over the last ninety days. Insiders own 0.44% of the company’s stock.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.